The basic economic argument for greater income equality is that:

The answer is that a more equal distribution of a given amount of income will increase the total utility of consumers. Income Inequality is common nowadays and is considered to be a market failure. Three causes of falling wages and the rise of income inequality is due to technology, trades and institutions. Large wages focuses on workers with high levels of education and skills.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; marketing resource management;